Venkatraman had joined Flipkart in 2015 as the CFO of the commerce platform. He will be succeeded by Ravi Iyer, who has been with the company since 2014 and was most recently CFO of Flipkart, the marketplace business.

Flipkart Group CFO Sriram Venkatraman to step down ahead of planned IPO

Flipkart Group's CFO Sriram Venkatraman is set to depart from the company after nearly a decade of seeing the e-commerce giant through some of its most significant milestones, including the Walmart acquisition in 2018.

The news of his departure, announced on Friday, March 20, also comes as the company is expected to go public on the Indian bourses later this year. Sources told Moneycontrol that he has been reducing operational involvement over the past six months.

Venkatraman had joined Flipkart in 2015 as the CFO of the commerce platform. He will be succeeded by Ravi Iyer, who has been with the company since 2014 and was most recently CFO of Flipkart, the marketplace business.

“It has been a privilege to be part of Flipkart’s journey and to work alongside such a talented team. I am proud of what we have built together and wish the company continued success in the years ahead,” Venkataraman said.

In a press statement, Flipkart Group CEO Kalyan Krishnamurthy thanked him for his contributions and said he has played an important role in strengthening our the company's "finance organisation" over the years.

The company confirmed to CNBC-TV18 last week that it got the government's approval to shift its domicile back to India.

“Flipkart has received Government of India approval for its internal restructuring, pursuant to which Flipkart Internet Private Limited is now the holding entity of the Flipkart group. This completes the redomiciliation of the Flipkart group to India, a significant milestone that reflects our deep and long-term commitment to India,” a Flipkart spokesperson had told CNBC-TV18.

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